By Sarah Lizee
Olympia, Wash., Feb. 13 – Morgan Stanley Finance LLC priced $3.46 million of 0% buffered Performance Leveraged Upside Securities due Aug. 4, 2021 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any ETF gain, capped at par plus 31.55%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 1% decline beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $3,459,350
|
| Maturity: | Aug. 4, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 31.55%; if ETF falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
|
| Initial level: | $43.10
|
| Buffer level: | $38.79, 90% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a dealer
|
| Fees: | 3%
|
| Cusip: | 61768W806
|
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